This unit deals with risk and reliability of systems from both a technical and an organisational perspective.
It cover the following topics: definition of risk and reliability; a systems approach to risk analysis and management; dealing with uncertainty and sustaining competitive advantage with risk management as a strategic decision tool; concepts of reliability and risk analysis; method of reliability and risk analysis, failure mode, effect and criticality analysis; event trees and fault tree analysis, cause-consequence analysis; safety management and human reliability analysis; project appraisal, market feasibility, technical/technological feasibility and financial feasibility; treatment of risk and uncertainty in project appraisal; measuring performance in logistics, production, operations management, engineering and information technology; quality, planning and six sigma process improvement.
This unit is reliant on on-line materials. Students must have access to a reliable high-speed broadband connection.
Prescribed Text - RISK & RELIABILITY ENGINEERING DUE DILIGENCE AN INTRODUCTORY TEXT
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